Recently I presented to a group of entrepreneurs about my experience in scaling Oneindia.in without VC funding. This event was organized by HeadStart in Bangalore. It was a very nice and interactive session, I am always interested to share and learn from others.
I came across the article “Inside the mind of a venture capitalist” which had summarized the points very well,
- Why should the VC invest in you?
They must see the passion and deep understanding you have in your company/product.
- Should your ‘killer’ idea be a product?
Can your idea be a product on its own or is it an add on for an existing successful product? ( Very interesting and valuable advise)
- What is the cost of sale of your product?
Your product may be good but are there too many hurdles to penetrate the market? If so, a VC is not interested.